Paxos and the Quest to Institutionalize Blockchain
In 2015, Paxos (then known as itBit) became the first firm active in the emerging digital asset and blockchain business to obtain a New York State trust company charter. Recent milestones include the launch of the Paxos Standard “digital dollar” token and INTL FCStone’s adoption of the Paxos Confirmation Service in the precious metals market. In this podcast, co-founder and CEO Charles Cascarilla recalls how his early exposure to Bitcoin helped to identify the underlying blockchain’s business potential. He discusses the advantages of being regulated and the progress Paxos has made on its mission to modernize post-trade processes and eliminate settlement risk.